NOT LISTED FOR SALE

5011 Riggs Rd Gaithersburg, MD 20882

Estimated Value: $2,047,000 - $2,290,940

1 Bed
1 Bath
32,000 Sq Ft
$68/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,700,000 $53 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $12,208/month

450 Days on Market

Highlights

  • 84.76 Acre Lot
  • No HOA
  • Horse Farm
  • Laytonsville Elementary School Rated A-
  • Feed Barn
  • Shed

About This Home

As of August 2020

84+ ACRE HORSE BOARDING TRAINING STABLE, ONLY THE REAL PROPERTY CONVEY.220 X 83 INDOOR ARENA W/ OBSERVATION ROOM AND A WATERING SYS.ATTACHED 54 STALL STABLE W/ 2 TACK ROOMS,2 FEED ROOMS,4 WASH STALLS,OFFICE W/BATHROOM, 3 MORE OUTBUILDINGS, 300 X 100 LIGHTED OUTDOOR, 2 TDR'S CONVEY, CAN BE SUBDIVIDED, FENCED AND CROSS FENCED, ON FARM BREWERIES,TASTING ROOMS AND OR WINERIES PERMITTED IN THIS AR ZONE. JUST COMPLETED 3 ACCEPTABLE WATER TABLE TESTS BY MONTGOMERY COUNTY, LOOKING FOR A BUYER THAT WILL COMPLETE THE PERKING SO THAT IT WILL WORK WITH THEIR SITE PLAN.PUBLIC WATER AVAILABLE TO THE SITE

Last Agent to Sell the Property

Timothy McGrath

Mackintosh, Inc. Listed on: 02/19/2019

Last Buyer's Agent

Dick Stoner

The Reist Corporation License #34353

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $292

Year Built

  • Built in 1995

Lot Details

  • 84.76 Acre Lot
  • Property is zoned AR, AR ZONE WAS THE RDT ZONE

Parking

  • Driveway

Home Design

  • Farm
  • Frame Construction

Interior Spaces

  • 32,000 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Shed

Farming

  • Feed Barn
  • Horse Farm

Utilities

  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • Gravity Septic Field
  • Phone Connected

Community Details

  • No Home Owners Association
  • Laytonsville Outside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00004532

Property Details

Property Type

Other

Est. Annual Taxes

$292

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Farm
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Lower 3, Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 1995
  • Automatically Close On Close Date: No
  • Remarks Public: 84+ ACRE HORSE BOARDING TRAINING STABLE, ONLY THE REAL PROPERTY CONVEY.220 X 83 INDOOR ARENA W/ OBSERVATION ROOM AND A WATERING SYS.ATTACHED 54 STALL STABLE W/ 2 TACK ROOMS,2 FEED ROOMS,4 WASH STALLS,OFFICE W/BATHROOM, 3 MORE OUTBUILDINGS, 300 X 100 LIGHTED OUTDOOR, 2 TDR'S CONVEY, CAN BE SUBDIVIDED, FENCED AND CROSS FENCED, ON FARM BREWERIES,TASTING ROOMS AND OR WINERIES PERMITTED IN THIS AR ZONE. JUST COMPLETED 3 ACCEPTABLE WATER TABLE TESTS BY MONTGOMERY COUNTY, LOOKING FOR A BUYER THAT WILL COMPLETE THE PERKING SO THAT IT WILL WORK WITH THEIR SITE PLAN.PUBLIC WATER AVAILABLE TO THE SITE
  • Special Features: VirtualTour
  • Property Sub Type: Other

Interior Features

  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 32000
  • Living Area Sq Ft: 32000
  • Price Per Sq Ft: 60.94
  • Above Grade Finished Sq Ft: 32000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5011

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Gravity Sept Fld
  • Utilities: Electric Available, Phone, Phone Connected, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Agricultural District: AR
  • Agricultural Tax Fee: Yes
  • Crops Included: No
  • Farm Features: Feed Barn, Shed(s)
  • Farm Land Area Units: Acres
  • Farm Operation: Horse
  • Lot Size Acres: 84.76
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3692145.60
  • Year Assessed: 2019
  • Zoning: AR
  • Zoning Description: AR ZONE WAS THE RDT ZONE
  • Farmland Preservation: No
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 291.64
  • Assessor Parcel Number: 00004532
  • Tax Year: 2019
  • Close Date: 08/31/2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2019
Closed on
Aug 31, 2020
Sold by
Heard Mary Keys and Keys Mary Christopher
Bought by
Free Rein Realty Llc
Seller's Agent
Timothy McGrath
Mackintosh, Inc.
Buyer's Agent
Dick Stoner
The Reist Corporation
List Price
$2,195,000
Sold Price
$1,700,000
Premium/Discount to List
-$495,000
-22.55%
Current Estimated Value
$2,168,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,970
Avg. Annual Appreciation
4.24%
Original Mortgage
$1,350,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Free Rein Realty Llc $1,700,000 Counselors Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Free Rein Solar Farm Llc $2,800,000
Previous Owner Free Rein Realty Llc $1,350,000
Previous Owner Heard Mary Keys $31,266
Previous Owner Heard Mary Keys $610,000
Previous Owner Heard Mary Keys $50,000
Previous Owner Keys Mary C $65,000
Previous Owner Keys Mary Christopher $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,700,000 0.0% $53 / Sq Ft
08/31/2020 08/31/20 Sold $1,700,000 -12.8% --
05/14/2020 05/14/20 Pending -- -- --
05/14/2020 05/14/20 Pending -- -- --
05/16/2019 05/16/19 Price Changed $1,950,000 0.0% $61 / Sq Ft
05/16/2019 05/16/19 Price Changed $1,950,000 -11.2% --
02/19/2019 02/19/19 For Sale $2,195,000 0.0% $69 / Sq Ft
02/06/2019 02/06/19 Price Changed $2,195,000 -4.6% --
06/06/2018 06/06/18 For Sale $2,300,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,683 $398,933 -- --
2024 $4,683 $373,867 $0 $0
2023 $0 $348,800 $26,400 $322,400
2022 $4,248 $348,800 $26,400 $322,400
2021 $4,232 $348,800 $26,400 $322,400
2020 $0 $26,400 $26,400 $0
2019 $291 $26,400 $26,400 $0
2018 $292 $26,400 $26,400 $0
2017 $357 $26,400 $0 $0
2016 $528 $26,400 $0 $0
2015 $528 $29,300 $0 $0
2014 $528 $29,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy McGrath

    Seller's Agent in 2020

    Timothy McGrath

    Mackintosh, Inc.

    (301) 606-0066

    10 Total Sales

    Section Image
  • Dick Stoner

    Buyer's Agent in 2020

    Dick Stoner

    The Reist Corporation

    (240) 366-7802

    22 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: MDMC619992

Bright MLS

APN: 01-00004532

Maryland Montgomery County Gaithersburg 20882

5011 Riggs Rd, Gaithersburg, MD

This home is located at 5011 Riggs Rd, Gaithersburg, MD 20882 since 19 February 2019 and is currently estimated at $2,168,970, approximately $67 per square foot. This property was built in 1995. 5011 Riggs Rd is a home located in Montgomery County with nearby schools including Laytonsville Elementary School, Gaithersburg Middle School, and Gaithersburg High School.

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